London based fintech platform for connecting retail investors with public placements raised $50m in Series B funding from London Stock Exchange Group, Draper Esprit, OMERS Ventures, Fidelity, an ABN AMRO Ventures.
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PrimaryBid raises $50m in Series B funding
PrimaryBid, which was founded in 2016, uses an app to combine stock orders from small investors, aggregating them into one substantial application. Advertisement Its profile has soared during the pandemic, against a backdrop of growing corporate governance pressure on blue-chip companies to enfranchise their retail investor bases, particularly as virtual annual meetings have meant many companies have evaded the usual level of scrutiny from small shareholders this year.
